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The treasury company FG Nexus, holding $120 million worth of ETH, sells 2,500 ETH
CoinWorld News, on-chain analyst Yu Jin posted on the X platform that Ethereum treasury company FG Nexus (fg-nexus) sold 2,500 ETH four hours ago, worth $8.04 million. FG Nexus held 50,770 ETH at an average price of $3,944 from August to September last year, valued at $200 million. As ETH prices declined, the company has reduced its holdings by 13,475 ETH at a price of $3,089, realizing a loss of $11.52 million. Currently, FG Nexus still holds 37,594 ETH, valued at $120 million. The company’s mNAV is 0.84, and its stock market value is lower than the value of its ETH holdings.